(8) Unit Renovated Multi-family Income-Producing 8-Unit Multi-Family – Excellent Location in Passaic, NJ Sale in Passaic

Highlights

• (8) Unit Multi-family: 4 (2) Bedrooms; 4 (1) Bedroom
• Built in 1980, renovated in 2025
• Zoned OR-1A | 100% occupancy
• Lot Size: 4,901 SqFt with fenced courtyard
• Corner Property off Main Avenue
• Value Add Opportunity for Market Rate Pricing
• All Brick and Solid Structure
• Additional Laundry and Storage in Basement

Description

Introducing a prime investment opportunity located at 48 8th Avenue, Passaic, NJ, 07055. This 6,256 SF, 8-unit multifamily property, strategically situated in the Northern NJ area, offers a solid investment in a desirable location. Originally built in 1980 and meticulously renovated in 2025, this value-add property boasts 100% occupancy and a well-maintained, all-brick structure. With a mix of (2) bedroom and (1) bedroom units, the building also features a fenced-in courtyard, offering an ideal living environment for tenants. With additional on-site amenities including laundry and storage in the basement, this property presents an exceptional opportunity for a savvy Low-Rise/Garden investor.

Passaic is a city in Passaic County, in the U.S. state of New Jersey. As of the 2020 United States census, the city was the state's 16th-most-populous municipality, with a population of 70,537, an increase of 756 (+1.1%) from the 2010 census count of 69,781 which in turn reflected increase of 1,920 residents (+2.8%) from the 2000 census population of 67,861. The Census Bureau's Population Estimates Program calculated that the city's population was 69,633 in 2021,[10][12] ranking the city the 541st-most-populous in the country. Among cities with more than 50,000 people, Passaic was the fifth-most-densely-populated municipality in the United States, with more than 22,000 people per square mile.

Located north of Newark on the Passaic River, it was first settled in 1678 by Dutch traders, as Acquackanonk Township. The city and river get their name from the Lenape word "pahsayèk" which has been variously attributed to mean "valley" or "place where the land splits."

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